CALIFORNIA | LOCAL
May 20, 1988
One would have to be deaf, dumb and blind to be unaware of the insurance industry's multimedia blitz concerning no-fault insurance. This canard must be refuted. Does anyone really believe that the insurance companies, widely known for their philanthropy, are interested in saving consumers' insurance dollars? Nothing could be further from the truth. In other no-fault states, the insurance industry has reaped huge profits from the conversion to no-fault, without lowering rates. The fact is California's insurance laws protect the consumer adequately (although they could do much more)
August 29, 2002 |
Conseco Inc. was dealt another blow when a court upheld an arbitrator's order that it pay nearly $27 million for violations of consumer protection laws by a company Conseco acquired. The South Carolina Supreme Court made the ruling in a case that was argued in March. The case affects 3,739 South Carolina customers with home-improvement or mobile-home loans in the mid-1990s from what was then Green Tree Financial Corp. Conseco bought Green Tree in 1998, two years after the dispute began.
March 15, 1992
As a previous insurance salesman, now a self-employed technician in Santa Barbara, I actively turn down all medical insurance coverage. Very little of the premium dollar goes to actual care. Insurance companies lobby for whatever laws would require all people to be on their books. They also have high-commission people working in high-rent buildings, while fraudulent claims go unchecked. Doctors are the least to blame. Hospitals charge $3 for aspirin and must show a bottom-line profit.
April 12, 2013 |
Starbucks is knocking down the suggested retail price for its packaged grounds. The discounts, set to begin May 10, will cover the Seattle coffee giant's packaged coffee in U.S. grocery stores and other retailers, but not at its ever-present coffee shops, said company spokesman Zack Hutson. The price drop also covers the company's Seattle's Best brand. Prices will drop an average of 10%, he said. For example, the price for a 12-ounce bag of Starbucks coffee -- ground or whole-bean -- will drop to $8.99 from $9.99, while a 12-ounce bag of Seattle's Best will also drop a dollar, to $6.99.
September 11, 2012 |
This is good news? Premiums for employer-sponsored health coverage rose 4% on average this year, a new study shows. That hike is actually down from previous years. Healthcare reporter Chad Terhune, columnist David Lazarus and Shana Alex Lavarreda, director of health insurance studies at UCLA's Center for Health Policy Research, discuss rising healthcare costs in this video chat. A survey released Tuesday by the Kaiser Family Foundation and the Health Research & Educational Trust found that the annual healthcare tab for families has risen to $15,745.
May 3, 2009
Re: David Lazarus' consumer column, "Reversing the charges," April 24: Consumers are outraged that banks received billions in bailout dollars at prime rate while they continue to raise consumer credit card interest rates. We have personally seen rate hikes of 9-10% at a time. In this economy, card issuers are making it impossible for the average person or small business to make substantial enough payments to reduce consumer debt. How high do rates have to get to constitute usury?
May 10, 2009
Re: David Lazarus' consumer column, "Giving up your right to sue," May 3: The column on mandatory arbitration raises an awareness that is desperately needed. Arbitration is a cancer that eats away and destroys our constitutional right to trial by jury, the right to have a controversy decided in a court of law under rule of law. Arbitration replaces the rule of law with incompetence and corporate bias. I am a Wisconsin Lemon Law lawyer who has represented consumers for the last 20 years.
February 27, 1992 |
In a deal that advances the development of a new type of TV service, Hewlett-Packard Co. said Wednesday that it would manufacture and market an "interactive television appliance" for use with the two-way television system being developed by TV Answer Inc. The development also bolsters the re-entry of American companies into the consumer electronics business. The HP device is expected to be about the size of a VCR and will plug into television sets.
August 20, 2013 |
WASHINGTON -- Like the economy, consumer spending has been sluggish during the recovery. But there are signs that the pace may be picking up. Credit is flowing a little more freely. Consumer confidence measures rose to post-recession highs this summer. And many people are looking to replace their old cars and appliances. The latest indication comes from AAA, which projected Tuesday that travel over this Labor Day holiday will be the strongest in five years. Quiz: What can't you take onboard a jetliner?